Tyro Payments Limited (OTCMKTS:TYPMF – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,311,300 shares, an increase of 25.9% from the April 15th total of 1,041,300 shares. Based on an average trading volume of 0 shares, the […]
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February 2, 2021
More than 2,000 small businesses are still affected by Tyro’s payment terminal outage, which has now entered its fifth week.
There were 1,490 merchants missing one fully operational terminal, 486 merchants without an operational terminal and 643 merchants with terminal types no longer manufactured, as of Tyro’s latest ASX update.
The service outage, which caused card payment terminals to be locked, began on January 5.
Tyro since launched a program to collect the locked terminals either by couriers or post, so they could be repaired and then returned to small businesses.
As the outage enters its second month, small businesses without working terminals continue to voice their frustration on social media.
January 14, 2021
A growing number of businesses have registered interest in potential legal action against payment tech company Tyro, after a prolonged service outage prevented them from being able to accept card payments.
Sydney-based law firm Bannister Law announced on Wednesday it is investigating potential claims, against Tyro Payments Limited, from a large number of businesses that have been unable to accept eftpos payments on their Tyro terminals for 10 days.
The firm is also considering any potential shareholder claims against the publicly listed company following a share price fall after some terminals became ‘bricked’ from a configuration issue.
Owner of Forestville Pharmacy in Sydney, Peter Hawthorne, says it has been a “very frustrating” week after his two terminals stopped working last Saturday.